They should go away from mandatory quarterly reporting to annual reporting.
John Deere as corporate punching bag
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On the wage side, you can take any job you want with enough seniority. Different job classes come with different pay though. Likely no different than any other union shop.
The thread started with recalled riding mowers. I don't have any Deere equipment as I use New Holland and Kinze. I've helped my neighbor during harvest and he is all in on green. it's very good equipment and Deere is certainly very proud of it- $. My neighbor complains about service. That is on the implement dealership I know, but they are tied to Deere. My dealer last year came out to the field at 2:30AM so I could get back to planting first thing in the morning to get H field done to beat rain coming and it's the farthest from home. It was plugging and couldn't fix it myself.
I wish the laid off employees well to get a replacement job fast. I wish the continued workers well. I wish the company well for all those working there and those buying and using the equipment.
The goal of a company is to make money. However, customers and employees are part of that. Wont stay in business if just plan to be profitable.
I wish the laid off employees well to get a replacement job fast. I wish the continued workers well. I wish the company well for all those working there and those buying and using the equipment.
The goal of a company is to make money. However, customers and employees are part of that. Wont stay in business if just plan to be profitable.
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Find me a more useless exercise than a freaking cover letter!
I truly think it’s a weed out power play exercise to shrink the application pool
Neither is “there is a lot of hot chicks that work here”.
I'd put it right there with attaching a resume only to enter all of the exact same resume information into their portal system when applying.
100%. That why HR peeps freaking love them. Software is doing 95% of HR's screening work. A lot of really good people don't even get a look because they don't know how to play the wording game.
Globally, you’re missing a zero. That may be the number for just Waterloo and Dubuque.
Interesting. A radio station in Waverly reported it. They said 100 salaried workers and 70 were Waterloo. But didn’t say that the others were in Dubuque only.
Not much competition. This country has a terrible attitude when it comes to benefits and compensation.
Here is what I don't get: ag is highly cyclical. Everyone knows that, and JD certainly knows it. They knew this downturn in ag would eventually happen. With killer profits the past 3 years, they ought to be better prepared to weather a bad storm.
So why fire a bunch of talent if you are still projected to have the third highest net earnings in the past 5 years? $7 billion doesn't even seem like much of storm. More of a misty drizzle compared to 2023.
I did some napkin math. If the average employee costs them $200,000 per year, then they would need to let 5000 people go to increase net profits by $1 billion (never mind that the savings wont really kick in until 2025 after severance is paid). I get that a billion dollars is a billion dollars, but if that talent is good and you are still projected to make 7 billion, then why fire a bunch of people to bump profits up by just 14%?
I wonder if 2025 is projected to be much worse than that 7 billion for 2024. Net loss looming on the horizon?
H
Because all of these companies are thinking only on the next quarter or two, and how their actions will affect the price of the stock.
Everything is based on how to enrich the investment class, and we have put in place a system that the CEO and others at the top are being paid by how much they can continue to raise the price of the stock. This system is why stock buybacks have become so popular over the past couple of decades. With fewer stocks out for the public to purchase, the value of the remaining stock price goes up, which means larger dividend checks for the investors at the end of the quarter.
